7802 Madison StForest Park, IL 60130

Property Details for 7802 Madison St

Year built

1994

Lot size

0.38 AC

Property type

Commercial real estate

APN

15-13-100-012

APU

1513100012

Description

This exceptional portfolio offers two high-volume car washes in Forest Park, Illinois, totaling 16,392 square feet on a 0.71-acre lot. The asking price is $2,191,500, translating to $133.69 per square foot. This presents a unique owner-user opportunity to acquire both the buildings, the established businesses, and the underlying real estate. The portfolio boasts strong sales performance year-over-year, with both locations strategically positioned for high traffic visibility. The Roosevelt Road location benefits from over 29,000 vehicles per day, while the Madison Street location sees over 11,000. Their close proximity (1.5 miles apart) allows for efficient management. The portfolio serves a densely populated area with approximately 1,234,839 people within a 3-mile radius. Furthermore, car washes qualify for bonus depreciation, potentially enhancing investment returns. This is a rare opportunity to acquire significant market share in a thriving area. The portfolio consists of two buildings located at 7802 Madison St and 7343 Roosevelt Rd, Forest Park, IL 60130, within Cook County.

• Alternative Use

  Use

  Valuation

  Residential

  $5,647,833

  Hospitality

  $5,173,385

  Educational

  $4,304,196

  Medical

  $4,452,224

  Retail

  $6,695,415

Location Insight

City

Forest Park

County

Cook

State

Illinois

Latitude

41.879

Longitude

-87.8195

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].